Debt for these Aussies ‘out of control’

New analysis has painted a grim picture for millions of Aussies in debt, and it comes with a plea to do something urgently.

Student debts will be indexed on June 1 unless the government urgently intervenes. Picture: NCA NewsWire / Damian Shaw “Student debts are spiralling out of control, and the Labor government is sitting on its hands as it oversees an astonishing increase of 16 per cent in their first term of government.

Her pre-budget plea comes after US President Joe Biden announced his latest student debt relief plan, cancelling the debts of 277,000 Americans.

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